Hospitality service OYO seeks a $600 Million Loan Amid COVID
India’s biggest hospitality and hotel chain company- OYO is in search of raising funds worth $600 Millions in debt so that it can boost its finances. The ma...
OYO
Oyo To Pay The Family Of The Deceased Workers Due To COVID-19, 8 Months Of Salary
Oyo Rooms and Services, which is backed by SoftBank Group Corporation, has just recently announced that it will be providing bereavement support f...
Oyo Launches A 4-Days A Week Work Policy and Unlimited Paid Leaves Till June
As a consequence of the second wave of the coronavirus pandemic in the nation, hospitality and room renting company-OYO has announced that it will be grante...
OYO raises $7.31M in funding, valuation hits $9 Billion
Source: Skift
OYO is a Gurugram-based hospitality start-up that operates a branded chain of hotels, specifically designed to offer standardized stay experie...
OYO announces ESOPs worth ₹130 crore for employees
OYO is now granting employee stock ownership plans worth a total of around INR 130 crore to all its furloughed employees impacted by the Coronavirus Pandemic as...
Oyo in India Cuts Employee Salaries Through July, Offers Leave
SoftBank took a step and backed OYO and declared with some of the guideless which stated pay cuts and leave with certain limited benefits for its entire staff i...
OYO receives Series F funding of $807M from SoftBank
OYO Hotels and Homes has now received a tranche of $807 million in the funding round of Series F. The fresh tranche has come from the existing investors SoftBan...
Oyo to cut about 5,000 jobs in broad overhaul
OYO Hotels is cutting its global workforce by around 5000 to 25000 people, with the deepest reductions in China after business there crumbled in the wake of the...
OYO Looks Set To Bounce Back
CEO of OYO India, and South Asia, Rohit Kapoor, took to Twitter on Monday to publicly announce the results of the annual report for the FY 2019.
OYO, in the...
Oyo-SoftBank JV secured Rs 50 crore debt from Avendus Finance
Oyo Hotels & Homes has now secured INR 50 crore in the debt financing for the MyPreferred Transformation – its joint venture with its largest shareholder So...